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To: Bobby Yellin who wrote (12377)	5/29/1998 8:37:00 PM
From: Abner Hosmer	Read Replies (1) \| Respond to of 116895

Bobby, I think usually when markets crash, it is because intrusive governments have attempted to "manage" their economies. I'm sure that there are some who will wish to yak at me about "manipulation" of the market by the Fed, etc, but I'm not buying it. Interest rates have been dropping for 18 years, since we got rid of wage and price controls, "windfall profits" taxes and other such garbage. That is the economic reality. Has the drop been unjustified? Just look at the price of oil, I need say no more. The models for economic crashes are the Asian Tigers, Indonesia, the Soviet Union, Iran, etc, and to an extent, Japan. Take a look at how their economies were "run" and tell me what you see. I don't think that the US qualifies. Left to their own devices, free people in relatively free and open economies will adjust realistically to economic conditions as they evolve. By any historical measure, the "middle class" in this country is absolutely huge, and I don't think this economy is going to suddenly roll over and play dead, regardless of what happens in China or Japan or elsewhere. Tom

To: Bobby Yellin who wrote (12377)	5/29/1998 10:37:00 PM
From: William JH	Read Replies (1) \| Respond to of 116895

Thomas - True, there is an abundance of the commodities that you listed. However, and this is my concern, there is an even greater supply of dollars in this world. I'm just a small player, but I find myself with a lot of dollars from the last three year bull market in equities. What I'm trying to do is intelligently diversify out of dollars into something tangible. I don't know if gold is the answer, but I am sure that expectations for it are low and it couldn't be more out of favor. I've never had a good understanding of inflation or money creation, so what do I know? Best regards,

To: Bobby Yellin who wrote (12377)	5/30/1998 1:57:00 PM
From: goldsnow	Read Replies (2) \| Respond to of 116895

Hi Bobby, To understand the biggest problem that Russia faces today and always one has to go as usual back to history.. During te famine that followed 1917 October Revolution and Civil War Lenin embarkedon limited privatization..Well-stocked shops (food, ets) quickly opened and created two-class society. Hungry on one hand and well-to-do (very small) on another... That has lastedpredictably for a very short time.And predictably followed by carnage with milions killed...Utopia created one-class..and we know the result Now Russians still remember hunger, torture and misery of numerous conflicts ..but one thing a hungry, disillusioned crowd will never accept is the super-richwelltodo minority (capitalist pigs) staring into the face of their hungry children...Once mob mentality takes over (matter of time) Russians would demand retribution Nostopping them than..untill hard hand/military takes over and promise another form of utopia..As for fundamentals the glitter of Moscow is so far from the reality of Russia that even few that still believe in miracles would start taking their money-out (as Russian Mafia does for years) and run..